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Haws Company invested $5,500,000 in a new computer system. The following is the net income stream: Year Net income stream 1 $950,000 2 $750,000 3
Haws Company invested $5,500,000 in a new computer system. The following is the net income stream:
Year | Net income stream | |
1 | $950,000 | |
2 | $750,000 | |
3 | $1,300,000 | |
4 | $1,800,000 | |
5 | $1,840,000 | |
6 | $1,600,000 |
Complete the Following:
A. The average net income is $. Round your answer to the nearest whole dollar value.
B. The accounting rate of return is %. Round your answer to two decimal places.
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